Scotia Capital Inc. Has $202.49 Million Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Scotia Capital Inc. raised its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,432,381 shares of the utilities provider's stock after purchasing an additional 171,748 shares during the period. Brookfield Infrastructure Partners accounts for approximately 1.1% of Scotia Capital Inc.'s holdings, making the stock its 26th biggest position. Scotia Capital Inc. owned approximately 1.39% of Brookfield Infrastructure Partners worth $202,492,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BIP. Principal Financial Group Inc. grew its holdings in Brookfield Infrastructure Partners by 12.0% in the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock worth $848,018,000 after buying an additional 2,866,195 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Brookfield Infrastructure Partners by 24.6% in the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock worth $140,273,000 after purchasing an additional 790,078 shares during the period. Intact Investment Management Inc. grew its position in Brookfield Infrastructure Partners by 52.1% in the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after buying an additional 598,290 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Brookfield Infrastructure Partners by 5.0% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock worth $26,337,000 after buying an additional 39,565 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 3.4% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 710,827 shares of the utilities provider's stock valued at $22,597,000 after acquiring an additional 23,374 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BIP. Scotiabank increased their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Raymond James boosted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th. TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus price target of $42.50.

Brookfield Infrastructure Partners Trading Down 0.7 %

Shares of BIP traded down $0.19 during midday trading on Tuesday, hitting $28.84. The stock had a trading volume of 314,498 shares, compared to its average volume of 434,453. The business has a 50-day simple moving average of $30.28 and a two-hundred day simple moving average of $32.43. The firm has a market cap of $13.39 billion, a P/E ratio of 721.18 and a beta of 1.04. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.96%. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Infrastructure Partners's payout ratio is presently 4,300.00%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.